Accounting Software

Before any companies opted to change their accounting software, there a few basic elements to be addressed:

1. Ask yourself - are we ready to change?
2. Ask your subordinates - are you to ready change and be changed?
3. What is the current problem, critical or moderate?
4. Does top management support the changes?
5. When is the suitable time to change, early, mid or end of the year?
6. Who will be the champion, end user, OIC,managers or top management?
7. Have you identified inherited problems, or , maybe potential problems?
8. If you are ready to change, do not turn back.
9. Be with it, lay with it and eat with it.
10. Always anticipate problems, hazards, stranded and clash.
11. Finally, where's the money?????????

I have gained experiences in mitigating risk of failure and develop downturn. The needs for total understanding and total objectives is more crucial than the systems itself.

2011 Tax Changes

Budget 2011 considered a very "plain", not much announcements made and proposal affected the individuals or companies . The theme or objectives of transforming to high income nation seen as replicating the norms of human evolution stages. Human develop and expand towards moving forward. The significant changes that human have to face is absolutely transformation in terms of standard of living, cost per day and also what is next waiting.

No tax reductions in Budget 2011 neither no many tax incentives introduce. What really happen? The answer is that, Malaysia has to be more tolerate in terms of delivering what people wants and needs. If we were demanding on scarce sources, then, the impact to survive is last.

B2011: Take effect 2012

1.  IRB issue CP 205 - tax installment (if taxpayer fails to submit tax return)
2. CP 205 -  deemed to be the revised estimate
3. CP 205 - made on 9th month
4. Taxpayer furnish revised on 6th or 9th month of that basis period
5. Taxpayers are given 6 month to rectify errors - corrections are allowed
6. Fails to revised:  10% within 60 days from the filing due date and 15.5% for 60 days.

 

Computerization VS Human

Do we really need computerization? Well, human being is just the end users that need applicability and availability moving forward. The need for technology is that, human must be in place  and infront of technology rather technology itself. Human must be at the stage of "humacomization" than computerization.

To that, we must be really on top of the top in the sense of computer and technology.